BMO Capital Markets started coverage on shares of Mimecast (NASDAQ:MIME) in a report released on Friday, The Fly reports. The brokerage set an “outperform” rating on the technology company’s stock.
MIME has been the subject of a number of other research reports. Oppenheimer restated a “buy” rating and issued a $35.00 price target (up previously from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. Barclays raised their price target on Mimecast from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Dougherty & Co raised their price target on Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. cut Mimecast from an “overweight” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Tuesday, December 12th. Finally, Jefferies Group restated a “buy” rating and issued a $35.00 price target on shares of Mimecast in a research report on Sunday, September 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.92.
Mimecast (MIME) opened at $29.28 on Friday. Mimecast has a 52-week low of $17.81 and a 52-week high of $32.00. The firm has a market capitalization of $1,663.98, a price-to-earnings ratio of -183.00 and a beta of 0.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.42.
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Mimecast Company Profile
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
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